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Murrieta CA Real Estate Weekly Recap, February 11, 2012.

Here is a brief overview of what’s happening this week with Murrieta Home Prices, Murrieta Absorption Rates, Fixed Mortgage Rates, and Murrieta Open Houses.

Murrieta CA Home Prices - Median: $250,000; Median SqFt: $97.93, February 9, 2012

There were 134 homes for sale in Murrieta CA that closed (sold) during the past 30 days with a median home price of $250,000 and a median price-per-square-foot of $97.93, according to the California Regional MLS (Multiple Listing Service).
(Read full post »)

Murrieta CA Condo Prices - Median: $121,000; Median SqFt: $93.28, February 8, 2012

There were 67 condos and townhomes for sale in Murrieta CA that closed (sold) during the past 90 days with a median home price of $121,000 and a median price-per-square-foot of $93.28, according to the California Regional MLS (Multiple Listing Service).
(Read full post »)

Murrieta Absorption Rates

Buying a house? Selling a house? If you want to know whether it’s a buyer’s market or a seller’s market, then check out the Absorption Rates for Murrieta Single Family Homes, and Murrieta Condos and Townhomes:

• Click here: Murrieta CA Single Family Home Absorption Rates - February 9, 2012
• Click here: Murrieta CA Condo and Townhome Absorption Rates - February 8, 2012

Fixed Mortgage Rates Average 3.87% (30-Year), 3.16% (15-Year) for Week Ending 2/9/2012

Need a new FHA home loan, or want to refinance for a lower mortgage payment? Freddie Mac shows homeloans this week averaged 3.87% for 30 year fixed rate mortgages, while 15 year fixed rate mortgages averaged 3.16%.
(Read full post »)

Murrieta Open Houses, Murrieta CA

Looking for Murrieta Open Houses this weekend? Then check out this link:

• Click here: Murrieta Open Houses, Murrieta CA: 2/11/2012 - 2/12/2012

Need More Info?

For more details, including charts and tables, follow the links above. Or, feel free to contact me, Bill the Murrieta Broker, by phone or text at (951) 347-3818, or email me at Bill@my3BRealty.com.

Copyright ©2012 Bill Burchard

Murrieta CA Single Family Homes for Sale: February 9, 2012.

Looking for Murrieta houses for sale? The Murrieta Single Family Home housing market has plenty to offer.

There are 462 Single Family Homes for sale in Murrieta CA with a median home price of $267,000 and a median price-per-square-foot of $110.57, according to the California Regional MLS (Multiple Listing Service).

Just a few of the Single Family Homes for sale in Murrieta are shown in the table below. Follow the link to check out Murrieta Single Family Home price trends!

Data courtesy of the California Regional MLS (Multiple Listing Service). The information provided is deemed reliable, but is not guaranteed, and is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

ABSORPTION RATES

Buying a house? Selling a house? Whether you’re a home buyer or a home seller, you may want to know whether it’s a buyer’s market, or a seller’s market. How can you determine whether it’s a buyer’s market or a seller’s market? By looking at housing market absorption rates.

Click here to see whether it’s a buyer’s market, or a seller’s market for Murrieta Single Family Homes.

Copyright ©2012 Bill Burchard

Murrieta CA Home Prices - Median: $250,000; Median SqFt: $97.93, February 9, 2012.

There were 134 homes for sale in Murrieta CA that closed (sold) during the past 30 days with a median home price of $250,000 and a median price-per-square-foot of $97.93, according to the California Regional MLS (Multiple Listing Service).

Last month, 125 single family houses for sale closed with a median sales price of $253,000 and a median price-per-square-foot of $101.12. One year ago, 145 single family houses for sale closed with a median sales price of $254,500 and a median price-per-square-foot of $101.87.*

The charts on the right show the median sold price trends for single family homes in the City of Murrieta. (Sold prices are the actual amount that buyers paid for the home.) The first chart shows sold prices over the past 24 months. The second chart shows sold prices since 2002. The blue SOLD line in each chart shows the month-to-month fluctuations in sold prices. The red TREND line smoothes the month-to-month fluctuations using a 12-month moving average. The TREND line makes it easier to determine the overall housing market’s price trend.

Click here for info on Murrieta Homes for Sale.

ABSORPTION RATES

Buying a house? Selling a house? Whether you’re a home buyer or a home seller, you may want to know whether it’s a buyer’s market, or a seller’s market. How can you determine whether it’s a buyer’s market or a seller’s market? By looking at housing market absorption rates.

Click here to see whether it’s a buyer’s market, or a seller’s market for Murrieta Single Family Homes.

*The values shown for each month are based on data measured during the prior 30 days of activity. For example, values shown for December 2011 are based on data measured from the beginning of December 2011 through the end of December 2011. The information provided is deemed reliable, but is not guaranteed.

Copyright ©2012 Bill Burchard

Murrieta CA Single Family Home Absorption Rates - February 9, 2012.

Buying a house? Selling a house? Whether you’re a home buyer or a home seller, you may want to know whether it’s a buyer’s market, a seller’s market, or a stable market.

In a buyer’s market, home buyers have the upper hand and can drive hard bargains for their dream home.

In a seller’s market, sellers have the advantage and can demand top dollar for their home.

In a stable market, the bargaining advantage is balanced between buyers and sellers.

The Absorption Rate Trend chart (top) shows the twelve month absorption rate trend over the past several months for Murrieta Single Family Homes. When the green line is trending between 0-5 months, it’s considered a Seller’s Market. When the green line is between 5-7 months, it’s considered a Stable Market. When the green line is above 7 months, then it’s considered a Buyer’s Market.

The Absorption Rate Per Sold Price chart (center) compares the absorption rates for Murrieta Single Family Homes based upon four price ranges: Below $200,000; between $201,000-$300,000; between $301,000-$500,000; and above $501,000. This chart is useful for determining how many months a home may take to sell based upon its asking price. As you might expect, the chart suggests that lower priced homes will sell sooner than higher priced homes.

The Absorption Rate Per Square Foot Price chart (bottom) compares the absorption rates for Murrieta Single Family Homes based upon four square foot price ranges: Below $90/sq.ft.; between $91-$120/sq.ft.; between $121-$150/sq.ft.; and above $151/sq.ft. As with the Absorption Rate Per Sold Price chart (center), this chart also suggests that lower priced homes will sell sooner than higher priced homes.

Click here for info on Murrieta Home Price Trends.

Click here for info on Murrieta Homes for Sale.

UNDERSTANDING ABSORPTION RATES

How can you determine whether it’s a buyer’s market or a seller’s market? By looking at housing market absorption rates.

Copyright ©2012 Bill Burchard

Murrieta CA Condo and Townhome Absorption Rates - February 8, 2012.

Buying a house? Selling a house? Whether you’re a home buyer or a home seller, you may want to know whether it’s a buyer’s market, a seller’s market, or a stable market.

In a buyer’s market, home buyers have the upper hand and can drive hard bargains for their dream home.

In a seller’s market, sellers have the advantage and can demand top dollar for their home.

In a stable market, the bargaining advantage is balanced between buyers and sellers.

The Absorption Rate Trend chart (top) shows the twelve month absorption rate trend over the past several months for Murrieta Condos and Townhomes. When the green line is trending between 0-5 months, it’s considered a Seller’s Market. When the green line is between 5-7 months, it’s considered a Stable Market. When the green line is above 7 months, then it’s considered a Buyer’s Market.

The Absorption Rate Per Sold Price chart (center) compares the absorption rates for Murrieta Condos and Townhomes priced below the average sold price versus homes priced above the average sold price. This chart is useful for determining how many months a home may take to sell based upon its asking price. As you might expect, the chart suggests that homes priced below the average will sell sooner than homes priced above the average.

The Absorption Rate Per Square Foot Price chart (bottom) compares the absorption rates for sold Murrieta Condos and Townhomes priced below the average square foot price versus homes priced above the average square foot price. As with the Absorption Rate Per Sold Price chart (center), this chart also suggests that homes priced below the average will sell sooner than homes priced above the average.

Click here for info on Murrieta Condo and Townhome Price Trends.

Click here for info on Murrieta Condos and Townhomes for Sale.

UNDERSTANDING ABSORPTION RATES

How can you determine whether it’s a buyer’s market or a seller’s market? By looking at housing market absorption rates.

Copyright ©2012 Bill Burchard